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    242 Market St Klamath Falls, OR 97601

    Picture of Warehouses at Market St 242, Klamath Falls, OR
    For Sale
    $660,000

    F - Klamath Falls, OR

    Lot size:
    0.55 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 242 Market St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LI
    APN
    414634
    Parking features
    On Street
    Lot size
    0.55 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Membrane, Metal
    Architectural style
    Other

    Windermere Real Estate Kf (541) 885-4400 [email protected]

    Listing agent Allison K York (541) 885-4400 License #200409050

    Listing date Nov 25, 2025

    MLS# 220201763 Listing URL

    Copyright © 2025 Klamath County Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Buildings and Vacant Lot

    The sale includes two buildings, located at 242 Market and 284 Market, along with a vacant lot at 292 Market. The property is zoned Light Industrial (LI) and is currently leased to Desert Lake Technologies under a NNN lease agreement. The lease provides for 3% annual increases. The property generates a Net Operating Income (NOI) of $67,980, reflecting a 10% Cap Rate. The building at 242 Market Street includes a small office and kitchenette. The total building square footage is 13,416 square feet. The lot size is 0.55 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Market Street Storage-Managed by Rookstool Moden Property Mangement, Spring Street Storage, Azul Mini Storage, A & O Storage, Main Street Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.774579
    Latitude
    42.226796

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    FAQs

    What type of property is this?
    Warehouse - Light Industrial property with two buildings, vacant lot, NNN lease.
    Where is this warehouse located?
    The property is located at 242 Market St Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: - High 10% Cap Rate; - Existing Net Operating Income (NOI) of $67,980; - NNN Lease with 3% Annual Increases
    (541) 885-4400
    Request Owner's contact information
    242 Market St Klamath Falls, OR 97601
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    Klamath Falls, OR 97601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 Market St Klamath Falls, OR 97601
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